January 31, 2014
European stocks fell, heading for the worst start to the year since 2010, as companies from Electrolux AB to Vedanta Resources Plc dropped after reporting their results.
Electrolux slid 8.9 percent after posting earnings that missed analysts’ estimates. Vedanta Resources Plc lost 4.7 percent after saying copper output in Zambia declined. LVMH Moet Hennessy Louis Vuitton SA jumped 7.1 percent after reporting growth in fashion and leather-goods sales rebounded in the fourth quarter.
The Stoxx Europe 600 Index slipped 0.9 percent to 320.45 at 3:16 p.m. in London. The equities measure has declined 2.4 percent this month as emerging-market currencies tumbled, a Chinese manufacturing gauge contracted and the Federal Reserve slowed its pace of bond buying. The index has fallen 1.3 percent this week.
This article was posted: Friday, January 31, 2014 at 10:07 am